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0 Cottonwood Road, Unincorporated, CA 95965
Priced at Only: $2,950,000
For more Information Call Mobile: 714.478.6676
Address: 0 Cottonwood Road, Unincorporated, CA 95965
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  • MLS#: SN23175382 ( )
  • Street Address: 0 Cottonwood Road
  • Viewed: 3
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 463
  • Acreage: 100.00 acres
  • Additional Information
  • County: BUTTE
  • City: Unincorporated
  • Zipcode: 95965
  • Provided by: Hamman Real Estate
  • Contact: Kory Kory
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This gorgeous 100 acre parcel consists of 80+/ acres of super high density planting (hdp) olive vineyard centrally located on cottonwood road between hwy 99 & hwy 70 in the middle of butte county. The planting is on 13 foot by 5 foot spacing resulting in 670 trees per acre with the support of a trellis system. Owners strategically planned and developed this unique showpiece to make it one of a kind. Water: tremendous water with a 50hp pump producing 2,500 gallons/minute provides irrigation through emitters on drip line. Laser leveled and terraced for draining. Profitable: has a great supplier contract. Bonus: being within 1 mile of the large pg&e substation creates another big benefit. Currently there is one solar option contract with a national energy provider that once exercised will pay $3,750/acre per year for 50 acres ($187,500/year) with a 2% annual escalator for a minimum of 22 years with options to extend up to 34 years nine months. Also note, we are currently being courted by multiple other solar companies for the remaining 50 acres with the price/terms yet to be committed. This energy contract would greatly increase the net income!!! Cap rate would be 9. 1% with the one contract and farming 50+/ acres of olives remaining or 12. 71% cap rate if (2) option contracts are exercised at $3,750/acre for 100 acres total. Quality: this vineyard was developed from the ground up to be a high quality & high yielding producer. Winning gold medals in the los angeles international olive oil competition and mid state fair in paso robles. Building site: the property was designed as a showplace with a 3 acre pond wrapping around a acre building pad. Build your dream home or your own tasting room with a fantastic view of the sutter buttes. Borders dove ridge (2,400 acre conservation bank to the north) which will never be developed as well as pg&e land to the east which will also ensure that you have no neighbors building on top of you. Owners are only selling for estate planning.
Features
Assessments
  1. None
Commoninterest
  1. None
Country
  1. US
Days On Market
  1. 383
Current Use Comments
  1. Super High Density Olive Vineyard
Lot Features
  1. Agricultural
  2. Agricultural - Dairy
  3. Agricultural - Other
  4. Agricultural - Row/Crop
  5. Agricultural - Tree/Orchard
  6. Agricultural - Vine/Vineyard
Parcel Number
  1. 041230005000
Road Frontage Type
  1. Country Road
Road Surface Type
  1. Paved
Sewer
  1. None
Utilities
  1. Electricity Available
  2. Water Available
View
  1. Panoramic
  2. Pond
  3. Valley
  4. Vineyard
Virtual Tour Url
  1. https://www.youtube.com/watch?v=1zkITa7tp-0
Water Source
  1. Agricultural Well
  2. Well
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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